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Altria Group Inc., Elliot Wave Analysis

12/9/2022 10:22 AM

Growth is possible.

On the daily chart, the first wave of the higher level (1) ended, and a downward correction develops as the second wave (2), within which the wave А of (2) formed, and the upward wave B of (2) develops. Now, the wave a of B has formed, the wave b of B has ended, and the wave c of B is forming, within which the wave (iii) of c is forming. If the assumption is correct, the asset will grow to the area of 49.10–51.00. In this scenario, critical stop loss level is 43.20.




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